New Delhi: The Enforcement Directorate (ED) on Saturday filed a chargesheet against businessman Gagan Dhawan, arrested in connection with an over Rs 5,000 crore bank fraud.
The chargesheet was filed before Additional Sessions Judge Sidharth Sharma, who has listed the matter for January 3 for considering the investigation report.
Dhawan, who is in judicial custody, was arrested on November 1 from his south Delhi residence under the Prevention of Money Laundering Act in a case involving fraud of over Rs 5,000 crore by Sandesara Group.
The ED alleged that he was involved in diverting the amount to purchase properties and other shell companies.
According to ED officials, Dhawan allegedly aided bank loan frauds related to Vadodara-based Sterling Biotech company.
The ED had registered a case of money laundering following a case registered by the Central Bureau of Investigation (CBI) against Sterling Biotech, its Directors Chetan Jayantilal Sandesara, Dipti Chetan Sandesara, Rajbhushan Omprakash Dixit, Nitin Jayantilal Sandesara, and Vilas Joshi and several others in connection with the bank fraud case.